Read the Beforeitsnews.com story here. Advertise at Before It's News here.
Profile image
By Againstcronycapitalism.org
Contributor profile | More stories
Story Views
Now:
Last hour:
Last 24 hours:
Total:

Money is Fleeing the Ultimate Crony Capitalist State, China, and it is Destabilizing

% of readers think this story is Fact. Add your two cents.



“Even I keep my money in Switzerland these days.”

China is not such a good place to keep money medium to long term as it turns out. The wealthy in China are “deeply distrustful” of policy makers. As such many are getting out of China if they can. Beijing is concerned, probably panicking in light of all of the money which is flowing out of the country. And as China is in many respects a black box (perhaps a grey box) people with money can only assume that things are bad and so that compounds the Chinese “problem.”

The Chinese economy, which was, we were told a shining example of “state capitalism” is in significant distress. Not that the world even at this date really knows how much distress. Restricted prices, economics by decree, all sorts of malinvestment encouraged by unwise monetary policy, insider dealing which alienated the emerging middle class, all of it has led up to the current economic challenges.

This is what central planning always brings eventually. But maybe everything will spring back with the daffodils in a month. Maybe.

Here’s to the Year of the Monkey.

(From The Sydney Morning Herald)

Capital outflows leading to the exhaustion of China’s foreign exchange reserves are a bigger trigger for a hard landing in the Chinese economy than its enormous pile of debt, warns one of Australia’s most prominent fund managers.

China reported a lower-than-expected $US100 billion drop in the value of its foreign exchange reserves on Sunday, reducing its stockpile to $US3.23 trillion last month, the lowest level since May 2012, according to central bank figures.

That rate of depletion is slower than it was in December, when China spent a record $US108 billion defending its currency.

Even though Beijing is seeking a weaker yuan, it has been forced to prop up the currency by selling US dollars to avert a sharper collapse.

Click here for the article.

http://www.againstcronycapitalism.org/


Source: http://www.againstcronycapitalism.org/2016/02/money-is-fleeing-the-ultimate-crony-capitalist-state-china-and-it-is-destabilizing/


Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.

"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world. Anyone can join. Anyone can contribute. Anyone can become informed about their world. "United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.


LION'S MANE PRODUCT


Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules


Mushrooms are having a moment. One fabulous fungus in particular, lion’s mane, may help improve memory, depression and anxiety symptoms. They are also an excellent source of nutrients that show promise as a therapy for dementia, and other neurodegenerative diseases. If you’re living with anxiety or depression, you may be curious about all the therapy options out there — including the natural ones.Our Lion’s Mane WHOLE MIND Nootropic Blend has been formulated to utilize the potency of Lion’s mane but also include the benefits of four other Highly Beneficial Mushrooms. Synergistically, they work together to Build your health through improving cognitive function and immunity regardless of your age. Our Nootropic not only improves your Cognitive Function and Activates your Immune System, but it benefits growth of Essential Gut Flora, further enhancing your Vitality.



Our Formula includes: Lion’s Mane Mushrooms which Increase Brain Power through nerve growth, lessen anxiety, reduce depression, and improve concentration. Its an excellent adaptogen, promotes sleep and improves immunity. Shiitake Mushrooms which Fight cancer cells and infectious disease, boost the immune system, promotes brain function, and serves as a source of B vitamins. Maitake Mushrooms which regulate blood sugar levels of diabetics, reduce hypertension and boosts the immune system. Reishi Mushrooms which Fight inflammation, liver disease, fatigue, tumor growth and cancer. They Improve skin disorders and soothes digestive problems, stomach ulcers and leaky gut syndrome. Chaga Mushrooms which have anti-aging effects, boost immune function, improve stamina and athletic performance, even act as a natural aphrodisiac, fighting diabetes and improving liver function. Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules Today. Be 100% Satisfied or Receive a Full Money Back Guarantee. Order Yours Today by Following This Link.


Report abuse

    Comments

    Your Comments
    Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

    MOST RECENT
    Load more ...

    SignUp

    Login

    Newsletter

    Email this story
    Email this story

    If you really want to ban this commenter, please write down the reason:

    If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.